Lufax Holding (LU) Tops Q3 EPS by 10c

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Lufax Reports Third Quarter 2020 Unaudited Financial Results

December 1, 2020 4:30 PM EST

SHANGHAI--(BUSINESS WIRE)-- Lufax Holding Ltd (Lufax or the Company) (NYSE: LU), a leading technology-empowered personal financial services platform in China, today announced its unaudited financial results for the third quarter and nine months ended September 30, 2020.

Third Quarter 2020 Financial Highlights

Total income increased by 10.5% to RMB13,076 million (US$1,926 million) in third quarter of 2020 from RMB11,838 million in the same period of 2019. Net profit decreased by 36.8% to RMB2,157 million (US$318 million) in third quarter of 2020 from RMB3,414 million in the same period of 2019, mainly due to the impact of a... More